Tax Savings & Wealth Accumulation for Business Owners & Professionals

This presentation explored the advantages of Individual Pension Plans (IPPs) and Retirement Compensation Arrangements (RCAs) for business owners and professionals seeking enhanced retirement solutions. It highlighted that IPPs allow significantly higher contributions than RRSPs, with a 65-year-old eligible to contribute up to 29% of their $187,000 income in 2025. The flexibility of IPPs—such as optional contributions and access to non-locked-in assets in certain provinces—was emphasized, along with the growing trend of integrating RCAs, which were included in 70% of IPPs created in 2023. The presentation also showcases the substantial tax savings and wealth accumulation potential, noting that a 55-year-old could accumulate $620,000 more in an IPP by age 65 compared to traditional retirement vehicles.

Presentation Preview:

Want to learn more about this presentation? Click the video to the left to watch the first 3 minutes! Full presentation time: 54m

How to Earn Your CE Credit?

This is a simple 3 step process 1. Watch the full presentation video 2. Complete all parts of the curriculum (listed below) 3. Click the Complete Course button at the end. Good news for you, is that there are no quizzes!

CE Credits provided by this presentation:

* FP Canada - 1 Financial Planning credit * MFDA - 1 Professional Development credit (in bundles) * Advocis - 1 IAFE Approved credit * CSI - 1 Professional Development credit (in bundles) * FSRA - 1 FSRA Approved credit * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
Tax Savings & Wealth Accumulation for Business Owners & Professionals
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Clark Steffy

Clark has specialized in the field of Business Owner and Executive Retirement Savings Plans and Group Retirement Savings for past 30 years. Clark speaks at industry educational conferences in the areas of Individual Pension Plans and Retirement Compensation Arrangements, De-Risking and Behavioural Finance. Clark has published articles in the field of behavioural economics on topics including Choice Fatigue and Pension and Investment Committee Decision Making.